Kuwait city: The price of Kuwaiti crude oil experienced a decline of USD 3.88, reaching USD 74.33 per barrel in Wednesday's trading. This marks a decrease from the previous session's price of USD 78.21 per barrel, as reported by the Kuwait Petroleum Corporation.

According to Qatar News Agency, the global oil market also saw a downward trend. Brent crude futures saw a minor decrease of USD 0.03, settling at USD 79.39 per barrel. Meanwhile, US West Texas Intermediate (WTI) crude futures fell by USD 0.55, closing at USD 75.22 per barrel.